China 2017 non-financial ODI down 29.4 pct y/y to $120.08 bln - media

BEIJING, Jan 16 (Reuters) - China's non-financial outbound direct investment in 2017 fell 29.4 percent year-on-year to $120.08 billion, the business daily Securities Times newspaper reported on Tuesday, quoting a commerce ministry official.

Irrational overseas investment has been effectively contained, said Han Yong, an official with the Ministry of Commerce. (Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)